juliusgener
647 posts
👑 $2.67M in bitcoin:native swapped in a single transaction.
This is one of the biggest instant BTC swaps processed on the platform so far.
~$5350 saved via flips.fi ✅
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A fully onchain, composable orderbook getting this close to app-specific venues on execution quality is THE entire Solana thesis.
Sam Schubert@minnus
The key thing about @PhoenixTrade isn't whether fees are cheaper to trade. It's the engineering feat they're pulling off. Phoenix is a fully onchain orderbook DEX running on a general-purpose VM. That design lets it compose atomically with arbitrary smart contracts, which means DeFi can plug into it in a far more seamless way than @HyperliquidX's appchain + general VM sidecar model can. That composability is the whole point. Phoenix isn't just a venue, it's infrastructure the rest of Solana DeFi can build on directly. And that's exactly why it maps so cleanly onto the @solana thesis more broadly: one general-purpose chain where execution and composability live in the same place. On this BTC example, Phoenix already tracks Binance materially tighter than Drift, holding 76% of hourly observations within ±5 bps versus Drift's 57%, while also avoiding sharp dispersions that weighed on Drift's performance. Based on this analysis, Phoenix still carries a small positive basis, but the gap is much narrower and impressively close to app-specific venues like Hyperliquid and @pacifica_fi. That convergence is the signal to watch: if Phoenix's execution continues to tighten, it strengthens the case that Solana-native perps can approach the quality of more centralized or app-specific venues. And note that we are still early. This is before @anza_xyz's Alpenglow and MCP, and before @jito_sol's BAM perp plugins. I've always believed the chain that combines a general-purpose environment with application-specific execution quality will ultimately see runaway network effects. Phoenix is the player to watch on this thesis right now: if Solana can support high-quality native @perps, it becomes much easier to imagine the same architecture extending into other latency-sensitive markets, from prediction markets to more exotic onchain derivatives.
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Being a first mover is a blessing and a curse – especially with a network that you don’t completely control.
New entrants gather recent data points on activity, economic models, security, competitors, regs, etc and can make smarter decisions… while often your network got too big or decentralized to adjust to these new facts. The downside of decentralizing too fast and maturity.
Might be that tomorrow’s leaders are still in the decisioning phase and taking it all in…
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@ImperialPerps perps lives on solana and was launched yesterday on pumpfun (meme) join the community. Still 10k mc now
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@uraniumdigital_ Stable baseload power is becoming more valuable globally
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Japan's nuclear power plants achieved an average capacity factor of 33.6% in fiscal year 2025, the highest level since the Fukushima accident, with total electricity generation reaching 97.2 TWh.
Fifteen out of 33 possible units have now returned to service following the 2011 accident, according to data from the Japan Atomic Industrial Forum. The increase reflects the gradual return of reactors to operation after meeting stringent post-Fukushima safety requirements established by Japan's Nuclear Regulation Authority. Recent restarts include Kashiwazaki-Kariwa unit 6, which became the first TEPCO reactor to resume commercial operation in April 2026.
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@waterbongo Conviction without commitment is literally just vibes lmaooo
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People wait for certainty before they act.
They want more data, more time, and proof.
Something that makes the decision feel safe.
But by the time they get the certainty, opportunity is already gone.
Winners aren't right always.
They're the ones who were willing to be wrong publicly, early, and on record.
Conviction without commitment is just an opinion.
Calling it means nothing.
Backing it is what gets rewarded.
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@PiCoreTeam the idea to app to users pipeline being this accessible is something I genuinely did not expect to see this soon
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Vibe coders and creators can now tap into Pi Network’s massive user base of over 60 million Engaged Pioneers by easily bringing their external AI-created apps to Pi’s real distribution network and utility ecosystem through Pi App Studio!
Creators, who may be technical developers or non-technical product people, can build apps using platforms such as Codex, Claude Code, Replit, Cursor, Lovable or other AI-assisted coding tools, and then use Pi App Studio to convert those apps into Pi Apps.
That changes the equation for creators.
AI can already help people generate apps quickly; the harder part is distribution and turning those apps into products people actually use.
Pi helps close that gap.
Instead of rebuilding infrastructure from scratch, creators can connect their apps to an existing ecosystem with users, payment capabilities, identity verification, decentralized human infrastructure and platform-level tools already in place.
This feature makes Idea → App → Users that much faster.
Because your ideas are too good not to be seen.
Try the Pi App Studio Now! If you’re a vibe coder or know someone building apps with AI who needs distribution, head to Pi App Studio today to convert AI-created apps into Pi Apps and access the Pi ecosystem’s users, infrastructure, and monetization opportunities.
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@multibank_io Grabbed mine. Curious to see where this goes over the next few months
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Introducing $MBG, our global ecosystem utility token, is available on ⬡ mb io.
Get your first $MBG in 3 taps!
MBG@mbgtoken
While most tokens run on vibes, a whitepaper, and empty promises, $MBG is backed by a $29B financial institution with 20+ years of regulated experience. $MBG is your key to TradFi, DeFi, and RWA. Don't miss out on this. 🚀👨🚀🌙 Learn more: mbgtoken.io
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juliusgener retweetledi
New to BitradeX? 🎁
Complete new user tasks step by step and unlock rewards worth up to 9,800 USDT.
Register. Deposit. Trade. Use AiBot.
Your reward path starts here 👇
bitradex.ai/en/battle/newU…
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BitradeX First Anniversary Summit was only the beginning.♾
Now we want to hear from you.
Share your feedback and help us improve future events, community experiences, AiBot materials, and the BitradeX ecosystem.
Survey:
surveymars.com/q/mMABbIdsG?co…
BitradeX@Bitradexen
1/7 From the stage lights to the final celebration, BitradeX 1st Anniversary Summit in Thailand was a night to remember. A look back at the people, moments, and energy that made this milestone special. 💙
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juliusgener retweetledi
juliusgener retweetledi
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@RobertSagurton People underestimate how much reputation damage the trenches caused
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There’s more than just technical gaps to overcome at this point…
CSK@Trader_CSK
So is the volume going to come from the millions who got rugged in the trenches on solana? Or the millions of others who got rekt trading perps last time on solana? Or the people who are hooked on other gambling platforms that exist on solana? Focusing on the wrong things here
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timeline wants a deal now
the market gives US-Iran peace by May 15 just 1%
who’s wrong?
Pick your side:
app.interstate.so/predictions/us…
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@BeaconLayerPod the hardest question now is which l2s actually create new economic gravity instead of just renting attention
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The Ethereum L2 Squeeze
Much will come in the wake of Vitalik's declaration that "the original vision of L2s... no longer makes sense."
With the L1 scaling and blockspace now an abundant commodity, L2s and Alt-EVM chains must differentiate or get squeezed out 👇
~~ Analysis by @punk7954 ~~
Last month, Vitalik Buterin sparked debate with a blog post stating that "the original vision of L2s and their role in Ethereum no longer makes sense."
Days later, he sharpened the message:
> "If you make an EVM chain without an optimistic bridge to Ethereum (aka an alt L1), that's even worse. We don't friggin need more copypasta EVM chains, and we definitely don't need even more L1s. L1 is scaling and is going to bring lots of EVM blockspace."
As L1 scales, it becomes cheaper and more capable. Mainnet is becoming the blockchain that L2s aspired to become, without the complexities of L2 designs. This forces L2s and Alt-EVM L1s to differentiate or get squeezed out.
The Squeeze
The pressure has been building for months. L2 and Alt-EVM L1 tokens are down 80-90% from highs, with adoption plateauing once airdrops ended.
Last week Base announced it's leaving Optimism's Superchain, taking 97% of the collective's real economic value with it. The rationale: ship faster, reduce dependencies, and keep fees in-house.
Beyond recalibration, chains face revenue pressures as the industry matures. Blockspace is no longer scarce. Too many chains compete for users, turning differentiation into a commodity. Meanwhile, revenue-generating chains like Hyperliquid set a new standard, proving sustainable economics matter more than narrative.
The "gas fee only" model is breaking down. Chains must find a niche justifying their existence off Mainnet and generate revenue to sustain themselves.
How Chains Are Responding
While Vitalik's post served as a messaging wakeup call, months of rough metrics had already led EVM L1s and Ethereum L2s to seek deeper differentiation.
> Polygon: The Payments Stack. Even before Vitalik's post, Polygon pivoted to become a "revenue-generating blockchain company."
In January, @0xPolygon Labs announced $250M in acquisitions: Coinme (payments firm with money transmitter licenses) and Sequence (wallet infrastructure). These anchor the forthcoming "Open Money Stack," a framework for regulated stablecoin payments launching later this year.
Stablecoins see the most real-world adoption globally. USDC in Polymarket drives significant Polygon activity. Stablecoin transactions on Polygon outpace all other L2s, gaining speed from these acquisitions, prediction market growth, and the October 2025 Rio upgrade, which overhauled the chain's architecture for payment-specific performance.
Polygon hasn't explicitly tied this pivot to POL token value accrual yet, but the strategic direction is clear.
> Sonic: Vertical Integration. Alt-EVM L1 @SonicLabs takes a different approach. In their [early February post, Sonic announced it's abandoning the "gas fee only" model entirely. With blockspace commoditized, gas fees no longer sustain chains.
Sonic's solution: build and acquire core DeFi products—trading infrastructure, lending, liquidity provision, stablecoins, staking—to operate in-house. Revenue flows directly back to the S token rather than external apps.
Base serves as a cautionary tale, highlighting the dangers of relying on external parties to generate chain value.
Unlike Polygon, Sonic explicitly addresses token value accrual. Buybacks will only come when real protocol revenue develops from these integrated solutions. The sequencing matters. Optimism announced last month they'd allocate 50% of Superchain revenue to token buybacks, then their primary revenue vehicle left.
What Comes Next
@VitalikButerin by reiterating that existing L2s and EVM chains can bring new features to the table: Privacy (@aztecnetwork). App-specific efficiency. Ultra-low latency.
Expect chains to respond in three ways:
> Alt-L1s → Rollups. Some may follow Celo's path from last cycle, converting into rollups and trading sovereignty for tighter Ethereum alignment.
> Acquisitions. Well-capitalized chains will pursue acquisitions to accelerate pivots, as Polygon has done and Sonic suggests it will.
> Verticalization. More chains will pick a specific category and build infrastructure to own it.
We'll likely see buyback talk, but hopefully as a secondary priority. Chains announcing buybacks before making adjustments put the cart before the horse. The market will punish them if they lack revenue to support it.
The era of "we do everything" L2s is ending. What replaces it looks like Polygon's payments focus or Sonic's vertical integration: chains that identify their category, build revenue around it, and earn the right to reward holders. It's a step in the right direction, but will cause pain.
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